BMO plans buffered bullish enhanced notes on Energy Select Sector SPDR

By Wendy Van Sickle

Columbus, Ohio, Feb. 3 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Feb. 28, 2018 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain, up to a maximum settlement amount of $1,300 for each $1,000 principal.

Investors will receive par if the fund falls by up to 10% and will be fully exposed to losses beyond 10%.

BMO Capital Markets Corp. is the agent.

The notes will price on Feb. 24 and settle on Feb. 29.

The Cusip number is 06367TAL4.

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